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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (9690)	6/5/1998 3:53:00 PM
From: Magnatizer	of 42787

Chris Jerry called for next week to be critical to the continuation of the bull market. He said we need to have a rally with good volume. Wants the DOW to get above 9312 interday. If the market does not rally and it falls below Mondays high we are in trouble in his opinion. The reason he says this is a formation which he says has been recurring at market tops since 1929. Sort of a double top formation. Here is how it goes. The market makes a rounded top. From the bottom of the downleg to the next market top is an average of 107 days (102-113 spread). If the market makes a top and it fails to continue in that time frame the market is turning bearish. Examples were for the following dates 5/13/29 to 9/3/29 113 days market turned bearish 11/23/36 to 3/16/37 ?days market turned bearish 5/12/87 to 8/25/87 105 days market turned bearish 1/23/98 to 5/13/98 110 days market....... If we break the 9312 interday the bull is still running and nothing to worry about til late July-August ht david

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